Wednesday, February 3, 2010

Is Peachtree-Pine foreclosure for real this time?

The original loan for the Peachtree and Pine shelter has been sold to Ichthus Community Trust, who has issued a notice of foreclosure. The shelter has a month to pay off the $500,000 loan. The shelter has been on the brink so many times in the past though, it is hard to believe they won't have some way to pull this out of the fire.